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Ask About XM Regulations

Yopi April 7, 2020 Broker: XM 33
Why is XM not regulated by Bappebti?
Replies:7

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7 Comment
Amza SF April 9, 2020 Neutral
Hello Yopi, Currently the XM broker has not received a license from Bappebti. However, it has obtained licenses from several well-known regulators such as: FCA England, ASIC, IFSC Belize, and CySEC.
Yopi April 16, 2020 Neutral
Is it safe, sir, to trade on XM even though it is not yet regulated by Bappebti?
fxnubi April 16, 2020 Neutral
FYI, trading at Bappebti regulated brokers isn't necessarily safe, you know... hwehehe
Yopi April 17, 2020 Neutral
The reason, bro?
Fxnubi April 20, 2020 Neutral
Just look for cases of CoFTRA brokers who have gone out of business. not just one
Amza SF April 21, 2020 Neutral
Hello Yopi, Bappebti is one of the regulatory bodies from Indonesia. Sometimes forex brokers have several licenses from several regulators in various parts of the world. However, this does not mean that not having a license from CoFTRA means it is unsafe, provided that the relevant broker still has a license from another regulatory body. However, the problem is that if a broker does not have a license from CoFTRA, usually it will not operate freely in the country, one of which is that the relevant broker's website will be blocked. Thank You :)
Yopi April 23, 2020 Neutral
OK sir, now I'm starting to understand, apparently that's how to observe it. Thank You

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